Stocks were slightly lower in early trade, under pressure for a third straight session, as investors prepared for the Federal Reserve to aggressively raise interest rates and otherwise tighten monetary policy in its effort to get inflation under control. The Dow Jones Industrial Average DJIA, -0.59% fell 179 points, or 0.
5%, to 34,316, while the S&P 500 SPX, -0.08% shed 0.2% to 4,474. The Nasdaq Composite COMP, +0.05%, which has led declines the past two sessions, edged up 0.1% to 13,899. Minutes of the Federal Reserve's March meeting released Wednesday afternoon showed policy makers were prepared to implement a program that would eventually see the central bank roll $95 billion a month off its balance sheet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Given that an interest rate hike has already been factored in, I suppose that means a 700 point jump up they actually announce the hike.
😃
Little thing...
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech stocks lead indexes lower on Wall Street; eyes on FedStocks fell in morning trading on Wall Street Wednesday and bond yields rose as investors try to estimate how quickly the Federal Reserve will raise interest rates and take other steps to fight inflation
Source: ABC - 🏆 471. / 51 Read more »
Forex Today: Stocks Lower on Hawkish Fed Member BrainerdFOMC Member Brainerd Says Fed to Speed Balance Sheet Shrinking; RBA Signals June Rate Hike; Stocks, Bonds Mostly Lower
Source: Daily_Forex - 🏆 567. / 51 Read more »
Nasdaq sinks more than 2% as stocks end lower after Fed minutesStocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday. The Dow Jones Industrial Average ended with a loss of around 145 points, or 0.4%, near 34,497.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks trade at or near session lows as investors weigh Fed balance-sheet plansStocks fell back to or near session lows after briefly trimming losses following the release of minutes from the Federal Reserve's March policy meeting...
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 tumbles under 4,500 as hawkish Fed triggered yield rally pressures large cap tech stocksMajor US equity indices slumped on Wednesday in the hours prior to the release of the minutes of the Fed’s March meeting, with large-cap tech stocks l
Source: FXStreetNews - 🏆 14. / 72 Read more »
European stocks cautious amid hawkish Fed comments, new Russia sanctionsEuropean markets inched lower on Wednesday against a backdrop of hawkish comments from U.S. Federal Reserve officials and further sanctions against Russia. Ie stock Market fucked in Britain and Europe!
Source: CNBC - 🏆 12. / 72 Read more »